143Auditor’s report

#### 143 Auditor’s report 143 Auditor’s report > > (1) An auditor of a society must report to the members on the accounts required to be laid before the society at the annual general meeting and on the society’s accounting records and other records relating to those accounts and, if the society is a holding society for which group accounts are required, must also report to the members on the group accounts. > > > (2) The auditor must state in the report— > > > > > (a) whether the accounts and any group accounts are in the auditor’s opinion properly prepared— > > > > > > > (i) so as to give a true and fair view of the matters required by sections 128 (Statement of financial performance and statement of financial position) and 129 (Group accounts) to be dealt with in the accounts or group accounts, and > > > > > > > (ii) in accordance with this Act, and > > > > > > > (iii) (Repealed) > > > > > (b) (Repealed) > > > > > (c) in the case of group accounts— > > > > > > > (i) the names of each entity that the society controlled during all or part of, or at the end of, the financial year but for which the auditor has not acted as auditor, and > > > > > > > (ii) if there are included in the group accounts (whether separately or consolidated with other accounts) the accounts of an entity controlled by the society of which he or she has not acted as auditor, and he or she has not examined the auditor’s report (if any) on those accounts—the name of that entity, and > > > > > > > (iii) if the auditor’s report on the accounts of an entity controlled by the society was made subject to any qualification, or included any comment made under subsection (4)—the name of that entity and particulars of the qualification or comment, and > > > > > (d) any defect or irregularity in the accounts or group accounts and any matter not set out in the accounts or group accounts without regard to which a true and fair view of the matters dealt with by the accounts or group accounts would not be obtained, and > > > > > (e) if the auditor is not satisfied as to any matter mentioned in paragraph (a)—the reasons for not being so satisfied. > > > (3) The auditor of a society has a duty to form an opinion on each of the following matters— > > > > > (a) whether the auditor has obtained all the information and explanations that he or she required, > > > > > (b) whether proper accounting records and other records, including registers, have been kept by the society as required by this Act, > > > > > (c) whether the returns received from offices of the society other than the registered office are adequate, > > > > > (d) if the society is a holding society— > > > > > > > (i) whether the accounts of the entities controlled by the society that are to be consolidated with other accounts are, in form and content, appropriate and proper for the purposes of the preparation of the consolidated accounts, and whether the auditor has received satisfactory information and explanations as required by him or her for that purpose, and > > > > > > > (ii) whether the procedures and methods used by the society and by each of the entities it controls in arriving at the amounts taken into any consolidated accounts were appropriate to the circumstances of the consolidation. > > > (4) The auditor must state in the auditor’s report particulars of any deficiency, failure or shortcoming in relation to any matter mentioned in subsection (3). > > > (5) The auditor must give the auditor’s report to the directors of the society in sufficient time to enable the society to comply with the requirements of section 130 (Audit) in relation to that report. > > > (6) The auditor’s report— > > > > > (a) must be attached to or endorsed on the accounts or group accounts, and > > > > > (b) if a member so requires, must be read before the society at the annual general meeting, and > > > > > (c) must be open to inspection by a member at any reasonable time. > > > (7) The auditor must, when giving the auditor’s report, also give to the directors of the society a report as to— > > > > > (a) the adequacy, in the auditor’s opinion, of the systems adopted by the society— > > > > > > > (i) to ensure compliance with the requirements of Division 1 (Formation and registration) of Part 3 (Societies), and > > > > > > > (ii) to monitor and manage risks associated with its financial activities, and > > > > > (b) any other matter of a kind prescribed in a standard made for the purpose of this subsection. > > > (8) An auditor must, at the time at which the auditor gives the directors of a society a report under subsection (7), give a copy of the report to the Registrar. > > > (9) An auditor of a society who contravenes this section commits an offence. > > > > Maximum penalty (subsection (9)): 20 penalty units. > > **s 143:** Am 2001 No 56, Sch 2.11 \[6\]; 2016 No 27, Sch 1.9 \[15\]–\[17\].